TNOW.L vs. VITAX

Last updated Jun 4, 2026

TNOW.L (Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)) and VITAX (Vanguard Information Technology Index Fund Admiral Shares) are both Technology Equities funds - TNOW.L tracks the MSCI World/Information Tech NR USD while VITAX tracks the MSCI US Investable Market Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, TNOW.L returned 24.35%/yr vs 25.97%/yr for VITAX. A 0.54 correlation means they provide meaningful diversification when combined. TNOW.L charges 0.30%/yr vs 0.09%/yr for VITAX.

Performance

TNOW.L vs. VITAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TNOW.L achieves a 26.74% return, which is significantly lower than VITAX's 33.66% return. Over the past 10 years, TNOW.L has underperformed VITAX with an annualized return of 24.35%, while VITAX has yielded a comparatively higher 25.97% annualized return.

TNOW.L

• 1D: -0.61%
• 1M: 17.43%
• YTD: 26.74%
• 6M: 26.38%
• 1Y: 55.01%
• 3Y*: 33.44%
• 5Y*: 21.51%
• 10Y*: 24.35%

VITAX

• 1D: 1.27%
• 1M: 19.87%
• YTD: 33.66%
• 6M: 32.51%
• 1Y: 62.61%
• 3Y*: 34.15%
• 5Y*: 23.05%
• 10Y*: 25.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TNOW.L vs. VITAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TNOW.L Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)	26.74%	21.66%	34.01%	54.23%	-31.79%	29.94%	43.80%	46.26%	-3.48%	37.54%
VITAX Vanguard Information Technology Index Fund Admiral Shares	33.66%	21.78%	29.26%	52.69%	-29.67%	30.36%	45.93%	48.72%	2.51%	37.07%

Correlation

The correlation between TNOW.L and VITAX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Oct 20, 2010	0.54

The correlation between TNOW.L and VITAX shifts across timeframes, from 0.54 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.

TNOW.L vs. VITAX - Sectors Allocation Comparison

Sectors	TNOW.L	VITAX
Technology	40.0%	98.5%
Consumer Cyclical	20.7%	0.1%
Healthcare	16.3%	0.0%
Communication Services	10.3%	0.5%
Consumer Defensive	6.3%	-
Utilities	3.4%	-
Financial Services	2.2%	0.5%
Industrials	0.6%	0.4%
Energy	0.2%	0.3%
Basic Materials	0.1%	0.0%
Real Estate	-	-

Return for Risk

TNOW.L vs. VITAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TNOW.L

TNOW.L Risk / Return Rank: 71
TNOW.L Sharpe Ratio Rank: 81
TNOW.L Sortino Ratio Rank: 78
TNOW.L Omega Ratio Rank: 73
TNOW.L Calmar Ratio Rank: 65
TNOW.L Martin Ratio Rank: 55

VITAX

VITAX Risk / Return Rank: 81
VITAX Sharpe Ratio Rank: 93
VITAX Sortino Ratio Rank: 82
VITAX Omega Ratio Rank: 78
VITAX Calmar Ratio Rank: 85
VITAX Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TNOW.L vs. VITAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TNOW.L	VITAX	Difference
Sharpe ratio: Return per unit of total volatility	2.67	3.18	-0.51
Sortino ratio: Return per unit of downside risk	3.52	3.86	-0.34
Omega ratio: Gain probability vs. loss probability	1.44	1.51	-0.07
Calmar ratio: Return relative to maximum drawdown	3.21	4.00	-0.79
Martin ratio: Return relative to average drawdown	9.55	12.75	-3.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TNOW.L vs. VITAX - Sharpe Ratio Comparison

The current TNOW.L Sharpe Ratio is 2.67, which is comparable to the VITAX Sharpe Ratio of 3.18. The chart below compares the historical Sharpe Ratios of TNOW.L and VITAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TNOW.L	VITAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	3.18	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.91	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.12	1.05	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.67	+0.38

Drawdowns

TNOW.L vs. VITAX - Drawdown Comparison

The maximum TNOW.L drawdown since its inception was -36.17%, smaller than the maximum VITAX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for TNOW.L and VITAX.

Drawdown Indicators

	TNOW.L	VITAX	Difference
Max Drawdown Largest peak-to-trough decline	-36.17%	-54.81%	+18.64%
Max Drawdown (1Y) Largest decline over 1 year	-17.03%	-16.38%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-26.15%	-27.38%	+1.23%
Max Drawdown (5Y) Largest decline over 5 years	-36.17%	-35.10%	-1.07%
Max Drawdown (10Y) Largest decline over 10 years	-36.17%	-35.10%	-1.07%
Current Drawdown Current decline from peak	-0.61%	0.00%	-0.61%
Average Drawdown Average peak-to-trough decline	-5.62%	-8.02%	+2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.74%	5.13%	+0.61%

Volatility

TNOW.L vs. VITAX - Volatility Comparison

Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) has a higher volatility of 7.27% compared to Vanguard Information Technology Index Fund Admiral Shares (VITAX) at 6.01%. This indicates that TNOW.L's price experiences larger fluctuations and is considered to be riskier than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNOW.L	VITAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.27%	6.01%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	15.66%	16.09%	-0.43%
Volatility (1Y) Calculated over the trailing 1-year period	20.54%	20.61%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.56%	25.39%	-1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.74%	24.84%	-3.10%

TNOW.L vs. VITAX - Expense Ratio Comparison

TNOW.L has a 0.30% expense ratio, which is higher than VITAX's 0.09% expense ratio.

Dividends

TNOW.L vs. VITAX - Dividend Comparison

TNOW.L has not paid dividends to shareholders, while VITAX's dividend yield for the trailing twelve months is around 0.30%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TNOW.L Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VITAX Vanguard Information Technology Index Fund Admiral Shares	0.30%	0.40%	0.60%	0.65%	0.91%	0.63%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both TNOW.L and VITAX in my portfolio?

TNOW.L and VITAX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.